Spotify Technology is a key player in the music industry, but it faces competitive challenges, one analyst team said as it initiated coverage of the music-streaming platform ahead of earnings.
“While we expect Spotify to continue to grow revenue at double digits and enjoy margin improvement over time, we think current valuation already discounts in a fairly optimistic financial trajectory,” TD Cowen analysts wrote. In the past, entertainment platforms have carved a space through exclusive content, but within the music sphere, almost all of the content is owned by record labels, they added.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Nasdaq 100, S&P 500 Weekly Forecast: Alphabet, Microsoft and Amazon Earnings EyedCorporate earnings from tech mega-caps Alphabet, Microsoft, and Amazon could guide market sentiment and set the trading tone for the S&P 500 and Nasdaq 100 in the coming week.
Source: DailyFX - 🏆 305. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »